Entrepreneurs are invited to the 505th FREE online 1Mby1M Mentoring Roundtable on Thursday, October 15, 2020, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and register to pitch or attend here. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
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Sramana Mitra: My short experience with CAD in the early 2000’s timeframe was that mechanical design is one of the highest exit barrier industries. People don’t want to get out of the system. It makes innovation very difficult.
John McEleney: We had a slide deck that said what’s happening in our industry. Over the last 20 years, not a lot.>>>
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Sramana Mitra: What happens to the core CAD? Does that still remain mostly or generally an on-premise desktop-based system?
John McEleney: For companies that have an install-base type of systems, the CAD geometric data is typically stored in a vault. They’re not necessarily moving it out of the vault to a different system.>>>
John McEleney: One of the best things about a SaaS solution is that it’s very easy to get multiple people and locations to get onboard. The strategy with respect to Creo is to continue to improve the core base and then embrace and extend it with other cloud-related applications and functionalities.
We’re not forklifting everybody to our cloud offering. That being said if customers are leaning in, we also are not saying, “You have to stay with your legacy product.” There are many large customers that are going through the early evaluation process. They’re using Onshape as a glue to connect customers.>>>
Suman Talukdar is Founder and Managing Partner at AiSprouts.VC.